Launched in May 2017, the Foreign Exchange (“FX”) Global Code is a set of global principles of good practice developed to provide a common set of guidelines to promote the integrity and effective functioning of the wholesale FX market. The Code was developed by a partnership between central banks, headed by the Reserve Bank of Australia’s deputy governor, Guy Debelle, and a group of market participants including both buy and sell side, led by CLS’s CEO David Puth, from sixteen (16) jurisdictions around the globe.

Widespread adoption of the Code is vital to the integrity and effective functioning of the FX market. Given its voluntary nature, the Code will only be effective in strengthening conduct standards if all market participants embrace, adopt and adhere to it.

Major topics of
relevance to your firm could be:

●

How the banks should handle limit and stop-loss orders;

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How mark-ups should be explained and disclosed;

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Rules governing the use of FX E-trading platforms including the practice
of “last look”; and

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In what circumstances banks could pre-hedge orders.

Join the
following senior industry speakers as they explain the benefits and obligations
of the Global Code to Asset Managers in Singapore: